national income accounting

the study of national income is related to

• micro economics

• macro economics

NNP= GNP-_____________

• deduction

• depreciation

• investment

• nit

The value of GDP at the current prevailing price is,

• real GDP

• personal income

• private income

• NDP

By deducting undistributed profit from national income , we get,

• personal disposable income

• personal income

• private income

• subsidies

measuring the sum total of all factor payments will be called,

• product method

• expenditure method

• output method

• income method

___________ are defined at a particular point of time.

• stocks

• flow

______________ will not pass through any more stages of production.

• intermediate

• final

__________ is an annual allowance for wear and tear of capital goods.

• depreciation

• appreciation

• allowances

pollution is an example for __________ externality.

• positive

• negative

the net contribution added made by a firm is called _____________

• value added

• change in output

• sales